The Brisbane Markets Limited Board has finalised and approved the financial results of the company for the financial year ended 30 June 2025.
The company has reported an increase in the underlying net profit before tax of 11.1% to $17.71 million. This underlying result reflects the strong performance of the core business, being provision of rental and other services to tenants of the Brisbane Markets. There has been continued high levels of occupancy at the site and the renewal of a significant number of leases during the year. The result reflects site operating cost reductions, in particular insurance costs, allowing additional investment into site maintenance and presentation areas.
The valuation of the properties held by the company at 30 June 2025 was $431.80 million.
The financial performance of the company is summarised below, including the impact of valuation movements and other adjustments:
The balance sheet remains strong with reported total assets at 30 June 2025 of $536.81 million and net assets of $255.07 million, an increase of 4% resulting in an increase in the net assets per share figure to $4.68.
The company’s financial performance will be further elaborated upon in the company’s Annual Report, which will be distributed to all shareholders during October 2025, and at the Annual General Meeting, set down for Wednesday, 12 November 2025 at 9am.
PAYMENT OF DIVIDEND
The Board also advises shareholders that a final dividend for the year of 9.75 cents per ordinary share, has been declared. This dividend and subsequent dividends paid during the year ending 30 June 2026 will be franked to 20%, which is a lower level than anticipated. This franking level is required as a result of the amendment to the April 2024 dividend after a lengthy period of delayed feedback from the ATO, and the advice provided to shareholders in May 2025. Shareholders should note that dividends paid after 1 July 2026 are expected to be franked in the range of 70% to 80%, based on current estimates.
The total dividend paid in respect of the 2025 financial year will be 18.5 cents per ordinary share, partially franked.
This reflects a 1.5 cents per share, or 8.8% increase on the dividend of 17.0 cents per share paid in respect of the 2023/24 financial year.
The final dividend of 9.75 cents per ordinary share, will be paid on Thursday, 23 October 2025.
This will be paid to shareholders on the share register of the company at 5pm on Wednesday, 8 October 2025.
MANAGEMENT CHANGES
There have been changes to the Senior Management Team following a recent restructure under the continued guidance and stewardship of the Managing Director and CEO, Andrew Young. The Senior Management team is now comprised of the Managing Director and Chief Executive Officer, a newly created role of General Manager, in addition to the existing roles of Chief Administration Officer and Chief Information Officer. A new role of Group Financial Controller has also been created and will be filled over the coming weeks.
In conjunction with this change, BML’s current CFO and Company Secretary, Murray Stewart, will be promoted to the role of General Manager effective 1 November 2025 and will resign from his position as Company Secretary of the group. BML’s Chief Administration Officer, Joady Raph, has been appointed as the Company Secretary of the group effective 17 September 2025. The Senior Management team all have a proven track record with the company and continue to be supported by a very experienced and capable middle management team.
A full copy of the financial report can be viewed on our website by clicking here.
Anthony Kelly
Chair
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